Enron Mail

From:mike.grigsby@enron.com
To:s..shively@enron.com
Subject:Cash Trading
Cc:
Bcc:
Date:Mon, 12 Nov 2001 10:37:18 -0800 (PST)

We saw a larger credit spread in the market between EOL and ICE. EOL Socal cash was trading .08 higher than ICE Socal - We ended up short and the market made it very difficult to buy. EOL SJ cash traded .10 to .20 cents lower than ICE. The only point without a credit spread was Opal.

Liquidity picked up slightly from Thursday and Friday, but still slow.

No new counterparty issues.

Grigsby